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Whichever franchise strikes your fancy, look into all the figures before you take the leap. Find the need you want to fill and the franchise system that fills it while fitting your entrepreneurial style at the same time. That might mean taking a gander at some new and unique franchises-like Interquest Detection Canines, which visits schools and businesses with dogs trained to sniff out drugs or other illegal substances, or GumBusters North America, which peddles asphalt-hardened gum removal.

Ultimately, when choosing a franchisor, Wilkerson suggests you make certain that "they're basically service-obsessed, driven to develop their brand and very involved in training and technology. Otherwise, you're probably buying into a stale system." And nobody wants that.

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